Castle Brands Sees Large Increase in Short Interest (ROX)
Shares of Castle Brands (NYSE:ROX) were the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 523,851 shares, an increase of 68.3% from the July 31st total of 311,270 shares, American Banking News.com reports. Based on an average daily trading volume, of 866,662 shares, the short-interest ratio is currently 0.6 days. Approximately 0.9% of the company’s shares are short sold.
Shares of Castle Brands (NYSE:ROX) traded up 1.83% during mid-day trading on Tuesday, hitting $1.11. 911,254 shares of the company’s stock traded hands. Castle Brands has a 52-week low of $0.46 and a 52-week high of $1.55. The stock’s 50-day moving average is $0.96 and its 200-day moving average is $0.98. The company’s market cap is $172.1 million.
Castle Brands (NYSE:ROX) last posted its quarterly earnings results on Thursday, August 14th. The company reported ($0.01) EPS for the quarter. The company had revenue of $12.00 million for the quarter, compared to the consensus estimate of $11.67 million. On average, analysts predict that Castle Brands will post $-0.01 earnings per share for the current fiscal year.
Castle Brands Inc develops and markets beverage alcohol categories. Its beverage alcohol categories includes rum, whiskey, liqueurs, vodka and tequila.
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